Cherryland Electric

About Cherryland Electric

With their main offices in Grawn, Michigan, Cherryland Electric supplies electricity to 6 counties throughout Michigan and is classified as an electricity cooperative. Electricity companies must regularly report the number of customers signed on for their services to government agencies. Most recently the supplier disclosed a total of 37,421 customers signed up to receive electricity from the company. Approximately 0.34% of these customers are industrial properties, 8.29% are commercial customer accounts and 91.37% are residential properties. On average, Cherryland Electric charges their consumers a residential electricity rate of 14.95 cents per kilowatt hour. Fortunately, this is 19.64% less than Michigan's average price of 18.60 cents, ranking the company at 35th out of 60 providers in Michigan for lowest average electricity price. The provider had total sales and disposition of 447,066 megawatt hours in 2022, of which 93.05% were from retail sales. The electricity sourced by the company primarily came from megawatt hours that they procured by way of wholesale channels. They purchased 447,066 wholesale megawatt hours. In 2022, the supplier made a total of $58,746,500 from business activities relating to the sale and transfer of electricity. They had 98.01% of their revenue coming from retail sales to end users.

The nationwide average monthly residential electric bill is $132.69, while the Cherryland Electric average is 19.91% less at $106.28 per month. The provider does not have ownership in any electricity generation facilities and all of the power that they sell to their customers must be purchased from other companies.